Bare Act Search Results

National Dairy Development Board Act, 1987 Section 35

Title: Obligation as to Fidelity and Secrecy

State: Central

Year: 1987

(1) The Board small not, except as otherwise required by this Act or any other law, divulge any information relating to, or to the affairs of, the National Dairy Development Board or of the society or of the dissolved company except in circumstances in Which it is in accordance with the law or practice and usage customary among financial institutions, necessary or appropriate for the Board to divulge such information. (2) Every director, member of a committee, auditor or officer or other employee of the National Dairy Development Board shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the Schedule.

National Housing Bank Act, 1987 Section 44

Title: Obligation as to Fidelity and Secrecy

State: Central

Year: 1987

(1) The National Housing Bank shall not, except as otherwise required by this Act or any other law, divulge any information relating to, or to the affairs of, its constituents except in circumstances in which it is, in accordance with the law or practice and usage customary among bankers, necessary or appropriate for the National Housing Bank to divulge such information. (2) Every director, member of a committee, auditor, advisor, officer or other employee of the National Housing Bank or of the Reserve Bank, whose services are utilised by the National Housing Bank under the provisions of this Act, shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the First Schedule to this Act. 13) Nothing contained in this section shall apply to the credit information disclosed under the Credit Information Companies (Regulation) Act, 2005.". ___________________________ 1. Inserted vide Credit Information Companies (Regulation) Act, 2005.

National Housing Bank Act, 1987 Chapter VII

Title: Miscellaneous

State: Central

Year: 1987

..... 1. Inserted vide Credit Information Companies (Regulation) Act, 2005. Section 45 - Defects in appointment not to invalidate acts, etc. (1) No act or proceeding of the Board or of any committee of the National Housing Bank shall be questioned on the ground merely of the existence of any vacancy in, or defect in the constitution of, the Board or the committee, as the case may be. (2) No act done by any person acting in good faith as a director of the Board or as a member of a committee of the National Housing Bank shall become invalid merely on the ground that he was disqualified to be a director or that there was any other defect in his appointment. Section 45A - Arrangement with National Housing Bank on appointment of directors to prevail 1[45A. Arrangement with National Housing Bank on appointment of directors to prevail ( 1) Where any arrangement entered into by the National Housing Bank with a housing finance institution which is a company provides for the appointment by the National Housing Bank of one or more directors of such housing finance institution, such provision and any appointment of directors made in pursuance thereof shall be.....

National Dairy Development Board Act, 1987 Chapter VII

Title: Miscellaneous

State: Central

Year: 1987

.....with the provisions of this Act and he shall be competent to perform the functions of the Board until the constitution of the Board under this Act. Section 41 - Management or assistance to others to continue For the removal of doubts, it is hereby declared that where, before the appointed day, either the society or the dissolved company was managing any other organisation or rendering any technical or other assistance to any organisation or person, the National Dairy Development Board may continue to under the same or similar service to such extent, for such period and with such modifications as the Board may deem fit. Section 42 - Mother Dairy to be a subsidiary unit of National Dairy Development Board The undertaking known as the Mother Dairy, Delhi, shall, on and from the appointed day, become a subsidiary unit of the National Dairy Development Board but shall retain its separate character, unless otherwise decided by the Board. Section 43 - Formation of companies with previous approval of Central Government (1) Where the Board considers it necessary so to do, for the implementation of any of its objectives, it may, subject to me previous approval of the.....

National Dairy Development Board Act, 1987 Complete Act

State: Central

Year: 1987

.....the National Dairy Development Board; (i) any reference to the society or, as the case may be, to the dissolved company, in any law other than this Act or in any contract or other instrument, shall be deemed to be reference to the National Dairy Development Board. SECTION 07: SAVING OF LEGAL PROCEEDINGS If, on the appointed day, there is pending any suit, arbitration, appeal or other legal proceedings of whatever nature by or against the society or the dissolved company, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the incorporation of the National Dairy Development Board under section 4-or dissolution of the Indian Dairy Corporation under section 5-, as the case may be, but the suit, arbitration, appeal or other proceedings may be continued, prosecuted and enforced by or against the National Dairy Development Board in the same manner and to the same extent as it would or may have been continued, prosecuted and enforced by or against the society or the dissolved company, as the case may be. if this Act had not been passed. SECTION 08: MANAGEMENT OF NATIONAL DAIRY DEVELOPMENT BOARD AND COMPOSITION OF ITS BOARD OF DIRECTORS (1).....

National Housing Bank Act, 1987 Complete Act

State: Central

Year: 1987

.....Act, 1934, shall have the meanings respectively assigned to them in that Act; (k) words and expressions used herein and not defined either in this Act or in the Reserve Bank of India Act 1934, but defined in the Banking Regulation Act, 1949, shall have the meanings respectively assigned to them in the Banking Regulation Act, 1949. SECTION 03: ESTABLISHMENT AND INCORPORATION OF NATIONAL HOUSING BANK (1) With effect from such date2as the Central Government may, by notification, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Housing Bank. (2) the National Housing Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued. (3) The head office of the National Housing Bank shall be at Bombay or at such other place as the Reserve Bank may, by notification, specify. (4) The National Housing Bank may establish offices, branches or agencies at any place in India, and with the previous approval of the Reserve Bank, at any place outside India. .....